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Bid4Assets has conducted tax sales via online auction for more than half of the counties in Washington. In October, 2010, Bid4Assets hosted one of the largest online real estate auctions in the history of the United States in which over 13,000 properties located in Wayne County, Michigan, were auctioned due to unpaid real estate taxes. [11]
In the United States, public auctions to satisfy judgments are usually conducted under the authority of the sheriff of the county or city in which the property to be auctioned was seized pursuant to the judgment, and an auction held for such a purpose is also called a sheriff's sale or sheriff sale. [5] [6] [7]
It was conceptualized to hold auctions for high-priced real estate between a seller and a group of buyers. Local real estate agents receive 5-6 percent sales commission and Concierge Auctions charges 12 percent to buyers. Auctions range from $2 million to $100 million, but have an average of about $4 million. [10]
The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 20 days ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
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Initially, the network sold just jewelry, but quickly expanded to antiques, rugs, artwork, Native American Indian collectibles and jewelry, militaria and more. Real estate was added to its repertoire in 2007. On October 1, 2018, AAN started broadcasting as "America's Auction Channel" and owned once again by Jeremiah Hartman.